Producer and Import Price Index in February 2023 Producer and Import Price Index fell by 0.2% in February
Producer and Import Price Index rose by 0.2% in October
14.03.2023 - The Producer and Import Price Index fell in February 2023 by 0.2% compared with the previous month, reaching 109.0 points (December 2020 = 100). In particular, petroleum and natural gas as well as petroleum products saw lower prices. Electricity, on the other hand, became more expensive. Compared with February 2022, the price level of the whole range of domestic and imported products rose by 2.7%. These are the results from the Federal Statistical Office (FSO).
In particular, higher prices for electricity were responsible for the increase in the producer price index compared with the previous month. Articles of concrete, cement and plaster, glass and glass products as well as paper and paperboard also became more expensive. In contrast, prices of petroleum products, pharmaceutical products, aluminium products and meat declined.
The import price index registered lower prices compared with January 2023, particularly for petroleum and natural gas. Petroleum products, organic products of the chemical industry, plastics in primary forms, flat glass, computers and pharmaceutical preparations also became cheaper. On the other hand, rising prices were observed for basic pharmaceutical products, non-ferrous metals and products made therefrom as well as flat steel products and hollow glass. The same applied to ceramic flags, tyres for vehicles and articles of concrete, cement and plaster.
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